Alexandra Deignan | VP, IR |
Tamara Lundgren | CEO |
Richard Peach | CFO & Chief, Corporate Operations |
Philip Gibbs | KeyBanc Capital Markets |
David Lipschitz | Macquarie |
Piyush Sood | Morgan Stanley |
Good day, ladies and gentlemen and thank you for standing by. Welcome to the Schnitzer Steel's Fourth Quarter and fiscal 2017 Earnings Call. At this time, all participants are in a listen-only mode to prevent background noise. [Operator Instructions] We'll have a question-and-answer session later and the instructions will follow at that time. A reminder, this conference is being recorded.